Amazing: The government doesn’t realize that projected premiums vs final audits may be greatly different due even more to the economy. Since the “workers’ compensation insurers must advance the money to the state” on behalf of the policyholders, will the state then refund the overpayments with interest to the insurers and or the policyholders if the projected premiums exceed the actual? I guess since California can’t get the money from China, they’ll put it on the backs of the carriers.
Amazing: The government doesn’t realize that projected premiums vs final audits may be greatly different due even more to the economy. Since the “workers’ compensation insurers must advance the money to the state” on behalf of the policyholders, will the state then refund the overpayments with interest to the insurers and or the policyholders if the projected premiums exceed the actual? I guess since California can’t get the money from China, they’ll put it on the backs of the carriers.